1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,840 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,040 --> 00:00:17,360 Speaker 2: Let's take a look at some of the stocks on 5 00:00:17,440 --> 00:00:20,079 Speaker 2: the move today. I'm Paul Swinging alongside Lisa Metelo and 6 00:00:20,120 --> 00:00:22,320 Speaker 2: returned by Bloombergs Carmen Ryanicky, Carmen. What are you looking at? 7 00:00:22,600 --> 00:00:25,160 Speaker 3: Yeah, the first thing that I'm looking at today is Coherent. 8 00:00:25,320 --> 00:00:29,480 Speaker 3: This is ticker CEO HR shares our down twenty three 9 00:00:29,520 --> 00:00:31,880 Speaker 3: percent right now. This is on track for the worst 10 00:00:32,280 --> 00:00:36,240 Speaker 3: day since August twenty twenty three on a closing basis. Basically, 11 00:00:36,320 --> 00:00:38,559 Speaker 3: what happened here is we have an earnings mover. So 12 00:00:38,640 --> 00:00:41,879 Speaker 3: the Semi it's a semiconductor device company. It gave an 13 00:00:41,960 --> 00:00:46,559 Speaker 3: outlook that underwhelmed analysts and some pointed out seem to 14 00:00:46,600 --> 00:00:50,800 Speaker 3: imply an AI deceleration, obviously is the buzzword. We want 15 00:00:50,800 --> 00:00:54,120 Speaker 3: to be seeing companies growing AI sales, growing you know 16 00:00:54,240 --> 00:00:58,160 Speaker 3: ROI from from those business segments. The firm also said 17 00:00:58,160 --> 00:01:01,480 Speaker 3: that it would sell its aerospace into fence business unit 18 00:01:01,520 --> 00:01:04,120 Speaker 3: to Advent for four hundred million, and this is to 19 00:01:04,319 --> 00:01:07,600 Speaker 3: pay down debt. All right now, deer the farmers not 20 00:01:07,680 --> 00:01:10,480 Speaker 3: doing so well. So that iss dear. Yeah, so deer 21 00:01:10,520 --> 00:01:15,000 Speaker 3: ticker DEE is also down today, currently down about seven 22 00:01:15,040 --> 00:01:17,360 Speaker 3: point seven percent. This is the worst intra day drop 23 00:01:17,480 --> 00:01:23,400 Speaker 3: since May twenty two. Also an earnings mover, the company 24 00:01:23,760 --> 00:01:27,399 Speaker 3: paired its fullier earnings outlook. They said that lower grain 25 00:01:27,480 --> 00:01:31,479 Speaker 3: prices are curving farmers spending. They also pointed out that 26 00:01:31,640 --> 00:01:35,840 Speaker 3: tariffs ate into profits and so seeing a negative impact 27 00:01:35,880 --> 00:01:39,240 Speaker 3: there to the American farmer from from the tariffs. 28 00:01:39,319 --> 00:01:41,800 Speaker 2: Yeah, and again yesterday on Bloomberg Intelligence Program, we spoke 29 00:01:41,800 --> 00:01:45,120 Speaker 2: to a farmer in South Dakota and when I asked 30 00:01:45,200 --> 00:01:47,640 Speaker 2: him how how's the farmer doing? He says, it's tough 31 00:01:47,640 --> 00:01:50,760 Speaker 2: at here. Commodity prices are down, so the price that 32 00:01:50,800 --> 00:01:53,200 Speaker 2: they're for their crops are down, yet their costs are up. 33 00:01:53,400 --> 00:01:57,920 Speaker 2: And he cited's higher seed cost, higher labor costs, and 34 00:01:58,200 --> 00:02:01,160 Speaker 2: higher interest rates, which is a drain for those folks 35 00:02:01,200 --> 00:02:03,880 Speaker 2: who take on a lot of debt wich farmers tend 36 00:02:03,920 --> 00:02:06,960 Speaker 2: to do, and fertilizer costs or up. So tough out 37 00:02:06,960 --> 00:02:09,880 Speaker 2: there right now for the US farm And hopefully it 38 00:02:09,880 --> 00:02:11,400 Speaker 2: gets better. But you see that a little bit in 39 00:02:11,480 --> 00:02:12,840 Speaker 2: the dear results. 40 00:02:13,800 --> 00:02:16,840 Speaker 3: Tapestry, Yeah, last one that we're looking out. So Tapestry 41 00:02:17,000 --> 00:02:20,880 Speaker 3: ticker TPR. This is the owner of Coach and Kate Spades, 42 00:02:21,440 --> 00:02:26,000 Speaker 3: your luxury handbags. It's down fourteen percent right now, on 43 00:02:26,080 --> 00:02:28,400 Speaker 3: track for the worst drop since April of this year. 44 00:02:28,880 --> 00:02:34,480 Speaker 3: It's annual outlook just missed analysts forecasts. They also cited tariffs, saying, 45 00:02:34,680 --> 00:02:37,040 Speaker 3: you know that they're not seeing as much demand because 46 00:02:37,080 --> 00:02:40,200 Speaker 3: of that. This also sort of signaled that Wall Street 47 00:02:40,240 --> 00:02:43,480 Speaker 3: is maybe not factoring in tariffs as much to their 48 00:02:43,560 --> 00:02:47,320 Speaker 3: sort of outlooks for Tapestry. So I think we might 49 00:02:47,360 --> 00:02:50,280 Speaker 3: see a little bit of an adjustment of analysts estimates 50 00:02:50,280 --> 00:02:53,000 Speaker 3: for this company going forward. So what's up with Kate Spade? 51 00:02:53,639 --> 00:02:55,480 Speaker 2: Only like Kate Space, it's all. 52 00:02:55,440 --> 00:02:57,600 Speaker 3: About Coach lately. I mean they said that on their 53 00:02:57,600 --> 00:03:00,280 Speaker 3: call that they're seeing really strong demand for these hands. 54 00:03:00,280 --> 00:03:01,960 Speaker 3: I think you can see that on the street right 55 00:03:03,280 --> 00:03:05,760 Speaker 3: the coach, But I don't have the case. I don't 56 00:03:05,760 --> 00:03:08,320 Speaker 3: know I see exactly. So I think it's just sort 57 00:03:08,320 --> 00:03:11,560 Speaker 3: of the brand that's resonating, you know right now, all right, 58 00:03:12,000 --> 00:03:13,760 Speaker 3: you put La boo boos on a coach, not on 59 00:03:13,800 --> 00:03:14,160 Speaker 3: a case. 60 00:03:14,520 --> 00:03:16,799 Speaker 2: Oh that's that's how you do. 61 00:03:17,440 --> 00:03:20,240 Speaker 3: That's all about the bag chains too. That's it. 62 00:03:21,800 --> 00:03:25,800 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 63 00:03:25,880 --> 00:03:28,480 Speaker 1: us throughout the day for the latest roundup of companies 64 00:03:28,520 --> 00:03:31,640 Speaker 1: making news on Wall Street and for the latest market 65 00:03:31,639 --> 00:03:36,120 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 66 00:03:36,240 --> 00:03:39,720 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:39,800 --> 00:03:41,280 Speaker 1: the Bloomberg Business app.